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RBA to throw cold water on AUD rally?
The Aussie has been rallying passively on rallies in risk appetite and commodities. In the meantime, the RBA view has remained relatively stagnant – will tonight’s RBA meeting throw up a red flag for the Aussie bulls? Also – it’s showtime for the ECB this Thursday as EURUSD is perched ahead of key resistance. The USD suffered on Friday after the US employment report was relatively in-line with expectations and slightly negative from an worker earnings’ perspective. Meanwhile, the continued rally in commodities and risk provided another source of pressure on the greenback. The New York Fed’s Dudley was ... (full story)